JCI Might Move Sideways Today
US stocks closed higher on Monday (11/20): Dow Jones +0.58%, S&P 500 +0.74% and Nasdaq +1.13%. The market began the holiday-shortened week with a rally, boosted by strong tech gains led by Microsoft and Nvidia. The UST 10Y yield slipped -0.29% (-0.013 bps) to 4.426%, and the USD Index fell -0.41% to 103.49.
Commodity market closed mixed on Monday (11/20): WTI oil +2.25% to USD 77.60/bbl, coal -0.49% to USD 122.50/ton, nickel -1.29% to USD 16,954, CPO +0.15% to MYR 3,936, and gold -0.22% to USD 1,980.80/toz.
Asian markets closed mixed on Monday (11/20); Nikkei -0.6%, Hang Seng +1.9%, Shanghai +0.5%, and KOSPI +0.1%. JCI ended Monday’s session at 6,994.9 (+0.25%), with foreign investors recording an overall net sell of IDR 266.2 billion; IDR -309.2 billion in the regular market, and IDR 43 billion in the negotiated market. The largest foreign outflow in the regular market was recorded by BBCA (IDR 355.5 billion), followed by AMMN (IDR 118.1 billion), and BBRI (IDR 78.9 billion). The largest foreign inflow in the regular market was recorded by AMRT (IDR 74.7 billion), followed by FILM (IDR 47.6 billion), and ASII (IDR 31.5 billion). The top leading movers were BREN, GOTO, and BYAN, while the top lagging movers were BBCA, AMMN, and BMRI.
Regional markets opened mixed this morning: Nikkei fell -0.10%, while Kospi rose +0.78%. We expect the JCI to move sideways today, given mixed sentiments from global, regional, and domestic markets.
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